Keywords: Thailand, Tax, Revenue Department, Japan Earthquake and Tsunami, Donations
The Thai Revenue Department has announced that both individual and corporate donations made through authorised agencies can claim the following deductions:
- Individual: actual amount but not exceeding 10% of the assessable income after deductions and allowances.
- Corporate: actual amount but not exceeding 2% of the net profit in the year of making the donation.
In addition, the donation of assets or goods by a company will not be considered as a vatable sale.
Japan - www.rd.go.th
Flooding - www.ratchakitcha.soc.go.th
Authorised agencies - www.rd.go.th